Integrity Legal

5th Oct 2011

It recently came to this blogger’s attention that exporters in Australia are expecting a robust economy in Asia in the future. In order to provide further explanation it is necessary to quote directly from the official website of the Herald Sun,

AUSTRALIAN meat exporters are hoping Asia’s dynamic economies will deliver boom times, with the industry forecasting gains of up to 20 per cent in markets such as Thailand once the ASEAN Economic Community (AEC) is underway from 2015. Amir Gun Mohammad, a regional representative for Meat and Livestock Australia (MLA), says the expected boost has followed the rapid development of the local food services industry, a growing middle class and expanded trade opportunities. ”Hopefully it will be very, very good for us. I think Thailand has been seen to be a major player in the ASEAN region. They export a lot to other parts of ASEAN,” Amir Gun told AAP. Amir Gun said once the ASEAN free trade system was in place Australian beef and livestock importers would face an easier path to regional markets…

This blogger encourages readers to click upon the aforementioned hyperlinks to learn further details from this interesting article.

There are many who feel that the economies which comprise ASEAN (Association of Southeast Asian Nations: Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam) are likely to continue to show signs of economic integration along with the concomitant economic benefits that come therewith. Hopefully such possible circumstances will accrue to the benefit of all concerned.

The economies in the ASEAN jurisdictions are not the only foreseeable beneficiaries of possible future economic luster. In fact, China appears to be viewed by many as a possible economic powerhouse in coming decades. This is not to say that this will accrue to the disadvantage of other economies since global economics is not always a “zero sum” game. The growth of a sustainable middle class in any of the Asian jurisdictions is likely to create tangible economic rewards on a local, regional, and global scale. To provide further insight into the encouragement of Chinese small business it is necessary to quote directly from the official website of China Daily,

Chinese Premier Wen Jiabao has urged stronger financial support for China’s smallbusinesses and better regulation of private lending activities to prevent risks of capital shortage from spreading.

This blogger strongly encourages readers to click upon the hyperlinks noted above to read this interesting and concise article in detail.

Clearly tangible benefits can be garnered by both the Chinese and ASEAN economies through bi-lateral relations, but when viewing this in conjunction with the fact that Australia and the US maintain a strong economic relationship with ASEAN and her component jurisdictions there is at least an inference which can be made to support the conclusion that there is likely to be dynamic economics at play in Asia’s future. Meanwhile, this economic dynamism can have ancillary benefits for the global economy.

How future economic events will transpire remains to be seen, but there are strong indicators that all of the economies mentioned above have bright futures indeed.

For information regarding legal services in Southeast Asia please see: Legal.

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